Short EURZARpossible short on EURZAR based on current DAILY consolidation between 14.15 and 15.40. Price bouncing of resistance near 14.15. Short to 16.24 entry at 19.79Shortby Zama_ZondaniUpdated 116
eurzar too much flagsi copied the price action from the purple flag and paste the price movement to where price is now. key areas 18,0786 which is going to be our double top range 17,1370-17,2748 our consolidation area then we buy 18,0700 buy target and also sell area by TapiwaJnrChirume3
EURZAR ready to reverse?Very similar scenario to the EURNZD trade posted earlier. After a very strong bull run the pair entered overbought territory and we see a bit of a spinning top what it is usually a sign of weakness. It has a lot of room to run and very little support on its way what makes the R:R on this trade exceptional. How do I play it? There are 2 entry points : - We can wait for that thick black line to be broken as it acted as some weakish support in the past. Less aggressive approach. - We could enter on that doji 4H candle marked with an arrow and looking at the 1H estructure. More aggressive approach. It is also interesting to see that the price is now under the 4H 50MA and as long as it remains under it we are good to sell this pair. Trade safe!Shortby MicKi4
eurzar shortascending channel towards resistance 17.0700 plus consolidation Shortby TapiwaJnrChirume3
EURZAR BULLS OUT OF FUEL??Using multiple MA formulas to find weaknesses in trends. Slowing them down paints a much better picture for you. Using Detrended price oscillator SMI Ultimate Oscillator Chaikin money flow Slow Stochastic Slow volume oscillator Use faster charts with same concent to scalp If uncertain about 1 indicator alerting of cross, wait for 1,2, or 3 more alert of cross as well. = More coservative entry Shortby Craig_ClaussenUpdated 4
EURZARProbably looking to sell for now then waiting for reversal pattern to buy. by eddietkyUpdated 3
EURZAR - shorting to 15.80EURZAR being rejected by descending resistance line at 16.80 Looking for a TP around 15.80 Happy trading.Shortby forex_meister113
H4 EURZAR LONGWait for Pullback and then enter with proper risk management on an uptrendLongby ThulaBlackFX5
$EURZAROANDA:EURZAR Testing peaks from 2008 and 2014 and bottom of massive traiangle. Break bellow will bring more strength to ZAR and weakness to EURZAR pair. There are quite few levels lower to watch with first one around 15.00by ALSITRADER6
EURZAR let's try this LONG again!Another exotic market in my Monday watchlist. The pair broke the descending trendline a couple sessions back (seen in next chart) but bears took control when the 4H 50MA was touched (seen in next chart) and made me hit my SL :( Friday was an interesting session. The price printed another hammer candle finishing the session right at the resistance area. That also meant it was a triple bottom, third time it rejected the same price!! RSI stopped falling as fast as price was falling since 4th of July and in the triple bottom period it gained strength. This are all bullish signals but lets look at 4H chart : We have highlighted all the areas we talked about before. Descending trendline (green) broken and price rejection at 50MA (yellow highlighted area) . Triple bottom ( green circles) and RSI divergence (red arrow) . We can also see how the price was falling in the past but RSI remain stable (blue lines in price chart and RSI chart) What does that mean? Well it means that the price could potentially rise to the next resistance area at 15.88. In order for this to happen it needs to break the 50MA cleanly. If that does not happen the pair could continue its downtrend and keep falling. I think buying at the actual price with a SL below the triple bottom could yield very good rewards with little risk. Let me know your thoughts!Longby MicKi1
EURZAR long setupEURZAR has printed a long tail (hammer) candlestick at an area of strong support where we have seen the pair rebound in the past. Furthermore the pair broke the support and recovered in a very strong way. The market is also oversold and approaching the descending trendline dating from the beginning of June. I believe a rebound to the 15.886 area is on the cards. For that we want to see the pair break the trendline and hold above support. We can see it more clearly on the 4H chart The kind of price action I am expecting is a break of trendline and then a pullback back to support when it encounters resistance from the 50MA to gain strength again. We also see how the price has been falling but RSI has remained estable. This divergence is also another sign that the pair might recover very soon Do you have other ideas? Let me know in the comments!!Longby MicKiUpdated 2
POSSIBLE LONG : WAVE D ABOUT TO BE FORMED POSSIBLE LONG : WAVE D ABOUT TO BE FORMED AND WE CAN EXPECT A SELL FORM WAVE Eby ezekiel562
POSSIBLE LONG : EXPANDING FORMED ON DAILY TFPOSSIBLE EXPANDING TRAINGLE BEING FORMEDLongby ezekiel561